Bitcoin has reached a new all-time high, continuing a rally that has seen its price climb over 50% since Donald Trump’s victory in the 5 November election. The world’s leading cryptocurrency briefly surpassed $106,000 (£83,890) before settling around $104,500 during Monday morning trading in Asia. Analysts attribute the surge to optimism over the incoming Trump … Read more
The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid legal tender indefinitely, with no set deadline. EKO HOT BLOG reports that In a statement signed … Read more
Bitcoin, the world’s largest cryptocurrency, has reached a monumental milestone, surpassing $100,000 for the first time and setting a new all-time high. EKO HOT BLOG reports that the rally comes on the back of optimism that U.S. President-elect Donald Trump will usher in policies favouring the cryptocurrency sector. EDITOR’S PICKS Electricity Meter Costs Rise Again As … Read more
Fidelity Bank Plc. dismisses rumors of its license revocation by the CBN, assuring strong financial stability and announcing a N127.1 billion capital raise through a public offer and rights issue. EKO HOT BLOG reports that Fidelity Bank Plc. has dismissed rumours circulating about a potential revocation of its operating licence by the Central Bank of Nigeria … Read more
EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Olayemi Michael Cardoso on Thursday, received one of his predecessors in office, and former Emir of Kano, Muhammad Sanusi Lamido. The visit is understood to be the first official meeting between the two financial giants since the emergence of Cardoso as … Read more